What is the 30 30 30 10 budget rule?

The 30-30-30-10 budget rule is perfect for anyone who needs a simple approach to budgeting. It has been proven to work for those of us who struggle to stick with more restrictive forms of budgeting and who want a little bit of splurge money on hand each month. Is the 30 30 30 10 budget rule right for me? What Is The 30-30-30-10 Budgeting Method?

What is the 30 30 30 10 rule?

One of the most popular rules, the 30:30:30:10 rule, can be applied both in terms of income planning, as well as pension planning. The income planning version says that you put 30% of your income towards day-to-day expenses, 30% towards investments, 30% for retirement savings and 10% for emergency expenses.

What is the 30 30 30 10 income planning rule?

The 30:30:30:10 income planning rule offers a structured approach where individuals allocate 30% of their income to living expenses, another 30% to retirement savings, 30% to investments and 10% for unexpected needs.